Weekly Market Activity Report
For Week Ending September 16, 2023 (Data current as of Sept. 25, 2023)
Weekly market activity data and reports are provided by ShowingTime, and updated on Mondays by 2:00 pm, once received. Exceptions are on Monday holidays when data/reports are not available until the following day.
Single-family homes are shrinking, as U.S. homebuilders respond to increased demand for smaller, more affordable homes. According to the U.S. Census Bureau, median single-family square floor area declined 2.9% to 2,191 square feet in the second quarter of 2023, the lowest reading since 2010. Single-family home size increased briefly during the COVID-19 pandemic, but has been decreasing steadily since the third quarter of 2022, as housing affordability conditions continue to impact buyer purchasing power.
Charlotte Region
In the Charlotte region, for the week ending September 16:
- New Listings decreased 6.6% to 1,024
- Pending Sales decreased 4.7% to 803
- Inventory decreased 25.6% to 5,576
For the month of August:
- Median Sales Price decreased 0.7% to $385,388
- List to Close increased 13.7% to 83
- Percent of Original List Price Received decreased 0.4% to 98.1%
- Months Supply of Homes for Sale remained flat at 1.6
View the full Charlotte report
Asheville Region
In the Asheville region, for the week ending September 16:
- New Listings decreased 19.2% to 240
- Pending Sales increased 13.2% to 248
- Inventory decreased 2.2% to 2,284
For the month of August:
- Median Sales Price increased 5.4% to $414,250
- List to Close increased 3.9% to 79
- Percent of Original List Price Received decreased 0.4% to 96.4%
- Months Supply of Homes for Sale increased 22.7% to 2.7
View the full Asheville report
Catawba Valley region
In the Catawba region, for the week ending September 16:
• New Listings increased 17.5% to 114
• Pending Sales increased 18.4% to 90
• Inventory decreased 4.7% to 583
For the month of August:
- Median Sales Price increased 19.5% to $308,834
- List to Close increased 26.2% to 77
- Percent of Original List Price Received decreased 1.1% to 97.3%
- Months Supply of Inventory increased 5.9% to 1.8